Jayud Global Logistics Sued in Federal Securities Class Action Over Alleged Pump-and-Dump

Overview

• The case was filed in the Southern District of New York on behalf of buyers of Jayud securities from April 21, 2023 through April 30, 2025.
• The complaint alleges the company and other defendants made materially false or misleading statements and concealed adverse information about its business and trading activity.
• Plaintiffs claim a coordinated pump-and-dump drove a surge from roughly $1 to about $8 in early 2025 followed by an estimated 95% drop on April 2, 2025.
• Wolf Haldenstein and Berger Montague announced the filing and are recruiting affected shareholders, with Robbins LLP also soliciting investors.
• Jayud is a Shenzhen-based supply-chain services provider listed on Nasdaq under the ticker JYD.